Ask yourself this willsy. If they just increased their earnings forecast 83% to $22m, what is the probability that it will be upgraded again to say $30m? I would say there is a fair chance of that.
$30m ebitda will give roughly $20m npat which equates to a pe of 35 at $1. Now consider BAL is running at a historical pe well over 70.
Now also consider China is on the dawn of a baby boom not seen since the 50s. Earnings will rapidly grow as the Chinese baby boom accelerates. Also consider mothers milk only contains the A2 protein and the Chinese therefore consider A2M a premium product gentle on tiny tummies.
Imho, $1 will prove to be very cheap in 12 months time.
The New Dynamic towards ~$1.50, page-41
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Last
$5.90 |
Change
-0.090(1.50%) |
Mkt cap ! $4.271B | |||
| Open | High | Low | Value | Volume |
| $5.96 | $5.97 | $5.86 | $19.03M | 3.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4800 | $5.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.91 | 29913 | 3 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| A2M (ASX) Chart |